DALIAN: The cultivation of new millet nationwide is dominated by high-yield varieties, with an average yield of more than 300 kilograms per mu. The total output has increased slightly compared with last year. Coupled with the carryover of old grains from the producing areas, the market supply pressure is evident before the Spring Festival. At present, the terminal millet has entered a rest period, and wholesalers are less enthusiastic about replenishing goods.
New orders from rice mills have decreased, and raw grain consumption will continue to shrink. The contradiction between supply and demand in the market has become increasingly prominent. Zhuo Chuang Information believes that there is a greater risk of a fall in the price of cereals in November.
Current Market Price in FOB China for Chinese hulled millet
| Product Name | Chinese Hulled Millet |
| Purity | 99.95% |
| Moisture | 10% max |
| Package | 25kg paper bag |
| FOB Dalian | Usd1360/mt |
| Delivery | 25 days after signing the contract |